What is Solana?

Questions:

• Has the trend been to buy into the hype or invest in builders for the long term?

• What do whales seem to be doing?

• Has it been more profitable to mint/buy these new hyped collections and flip them, or to invest long term into NFT collections?

In short, Solana is a public, open-source blockchain. It was built to host a wide array of scalable decentralized applications (dApps), and its native cryptocurrency is SOL. Like the rest of the world's most popular blockchains, Solana supports smart contracts.

Is Solana an NFT Crypto?

NFTs can be found on many different blockchains, and Solana is one example. Solana is a relative newcomer compared to the NFT leader Ethereum, which hosts a majority of all NFTs. However, the lower costs and versatility of Solana are rapidly shifting the NFT marketplace landscape in its favor.

Solana NFT sales activity on new collections and old collections

The chart below shows the total Solana NFT sales activity on new collections and old collections.

According to the result, The most NFT sales activity on the New collection was about 66.8K on May 18th and the most NFT sales activity on the Old collection was about 43K on January 29th.

Solana NFT sales volume on new collections and old collections

The chart below shows the total Solana NFT sales volume on new collections and old collections.

According to the result, The most NFT sales volume on the New collection was about 150K on May 16th and the most NFT sales volume on the Old collection was about 95K on January 17th.

Percentage of new collections and old collections volume

The donut below shows the total percentage of new collections and old collections volume.

According to the result, 58.1% of the total volume were new NFT collections and 41.9% were old NFT collections.

Old collections and new collections sales based on Whale Activities

The chart below shows the total Old collections and new collections sales based on Whale Activities.

According to the result, The most NFT sales on the New collection was 270 on May 7th and the most NFT sales on the Old collection was 285 on March 26th.

Old collections and new collections volume based on Whale Activities

The chart below shows the total Old collections and new collections volume based on Whale Activities.

According to the result, The most NFT volume on the New collection was about 20K on April 23rd and the most NFT volume on the Old collection was about 4.8K on April 29th.

Percentage of new collections and old collections volume based on Whale Activities

The donut below shows the total percentage of new collections and old collections volume based on Whale Activities.

According to the result, 53.8% of the total volume were new NFT collections and 46.2% were old NFT collections.

Average days of holding NFTs based on Whale Activties

According to the result below users sold their NFT about 36 days and they didn't take their NFT as long time.

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